National Debt going up $1 Trillion
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I stand by this statement.
quote:The freaking idiot ,that is why there is finacial turmoil!
If I expanded on the topic I apoligise to you.0 -
BTW, you are not even in the parking lot of the ballpark on those figures for the change in the value of money.
The CPI is one of the better indexes of value and prices, is based at 100% from 1984, and is currently running about at 207.
That's not even close to a 2/3 drop since 2003, even if we factor in the expectations for next year.
I didn't say I was in favor of the current trend or speed of change, but "Doom and Gloom" statements that have no relationship to reality serve no purpose that has value.0 -
The posted figures and what I percieve are two different things , I may be nuts, but I don't think so.
http://www.ar15.com/forums/topic.html?b=1&f=5&t=6203890 -
For the purchasing power of the dollar to be only 1/3 by next year of what it was in 2003, we would have to have a complete, across the board, increase in prices of 300% since the time stated.
Not even close.0 -
Sorry to give you a link to a link but I am just surfing and ran across it.
the dollar is in serious spit and has been declineing for years.0 -
Ok do what you see fit, I will follow my own path. 0 -
quote:Originally posted by Oren Rudder
Sorry to give you a link to a link but I am just surfing and ran across it.
the dollar is in serious spit and has been declineing for years.
The dollar has been declining since the first one was made, and will continue to do so until the end of time. Washington was paid $10,000 as President, and that would be well over $1 million today, with no taxes.
The CPI since the turn of the last century (1900) is probably at least around a multiple of twenty. Inflation reverts to deflation for short periods of time, and frequently exists for certain products (think HDTV), but prices tend to increase over time, and always will.
Aren't you going to try to get a pay raise in the next year or two? If you are, and you don't increase your output by at least the percent of increase in your pay, you have just added to inflation, just like everybody else.
Reality.0 -
quote:Originally posted by Oren Rudder
Ok do what you see fit, I will follow my own path.
It has nothing to do with what I "see fit"; it has to do with a clear recognition of reality, and then figuring out how to deal with it in real terms. Reality exits regardless of opinion.
Outlandish claims that would embarrass the Tooth Fairy move nothing and no one forward.0 -
The dollar has been declining since the first one was made, and will continue to do so until the end of time. Washington was paid $10,000 as President, and that would be well over $1 million today, with no taxes.
The CPI since the turn of the last century (1900) is probably at least around a multiple of twenty. Inflation reverts to deflation for short periods of time, and frequently exists for certain products (think HDTV), but prices tend to increase over time, and always will.
Aren't you going to try to get a pay raise in the next year or two? If you are, and you don't increase your output by at least the percent of increase in your pay, you have just added to inflation, just like everybody else.
Reality.
many points to ponder/contend in xx34 rosevelt declaired gold ilegal for americans to own and immediatly started devaluing the dollar, in 71 nixon nixed paying gold for dollars to forien entities, the inflationary period of the 70's followed
Similar/criminal lax polices are being used today.
The dollar is F'ed,plan accordingly.0 -
Inflation is now it is wow, if I am wrong I am out nothing by being comodity heavy, if I am right I am way ahead. 0 -
quote:Originally posted by Oren Rudder
many points to ponder/contend in xx34 rosevelt declaired gold ilegal for americans to own and immediatly started devaluing the dollar, in 71 nixon nixed paying gold for dollars to forien entities, the inflationary period of the 70's followed
Similar/criminal lax polices are being used today.
The dollar is F'ed,plan accordingly.
And the same concept for gold use was in place when inflation was brought back under reasonable control in the 80's. It's more a question of Federal Reserve policy than gold use. There is nothing criminal about it, just good or bad policy.0 -
Which brings us back to the thread, raiseing the debet ceiling will cause more inflation and etc... 0 -
quote:Originally posted by Oren Rudder
Inflation is now it is wow, if I am wrong I am out nothing by being comodity heavy, if I am right I am way ahead.
Check gold or silver since mid 1970's, and see just how much you would have made over the last 35 years.
There are surges that can make money in most investment formats, but the problem with commodities is that they are a static entity, and cannot generate any increase on their own. A bar of gold is a bar of gold, and will never be more than the weight it was when it started.
Wal-Mart and Microsoft got just a bit bigger over time.0 -
quote:Originally posted by Oren Rudder
Which brings us back to the thread, raiseing the debet ceiling will cause more inflation and etc...
It does not have to result in inflation, but often adds just a bit to it.
Other factors often tend to have a greater impact on inflation than that one.
Government debt just means that they have borrowed money from other entities, and there is nothing to say that those entities would not have spent the money, just on a different mix of products and services than the govenment chose to purchase. Spending is spending for the most part, regardless if it is private or government.
What I spend, my wife can't, but it is still spent.0 -
quote:Check gold or silver since mid 1970's, and see just how much you would have made over the last 35 years.
There are surges that can make money in most investment formats, but the problem with commodities is that they are a static entity, and cannot generate any increase on their own. A bar of gold is a bar of gold, and will never be more than the weight it was when it started.
I agree, in times of uncertain futures precious metals can offer safe harbor, but I am not about that.
copper, aluminum, steel are up to stay, the future of resorces is high
,get them while you can, investment in the brain trust of america is an iffy predicament, as india and china are producing 10 times as many engineers and related high tech gradguates, the onlt thing we got going for us is imagination that can only be nurtured in this society, and once we invent the gadget they steal the idea and make it their own.
sorry I got off topic.
Anyway we are in a global resorce war and all commodities will reflect this soon.0 -
But any company that can use those resources on a continuing basis is going to be able to make a profit that exceeds the resource value. The long term money has always been, and always will be, with those who can use the resource to the greatest advantage.
I like my Exxon stock much better than oil contracts on the NYMEX.0 -
BTW, those were the exact same claims that were made for the "dot.com" investment bubble, and the real estate "bullet proof" investment craze.
Fixed amounts can't grow, and commodities contracts are fixed amounts. They are a pure zero sum game and are no different than four guys sitting down at a poker table and playing cards. They could play for a thousand years, but the amount of money available on the table would never change.0 -
But the price to the end user goes up exponetialy because his cost of materials and energy go up, and so must his profit.
deficet spending is bad, fiat money is bad, federal reserve is bad.0 -
sorry I may have goten off point again. 0 -
quote:Originally posted by Oren Rudder
But the price to the end user goes up exponetialy because his cost of materials and energy go up, and so must his profit.
deficet spending is bad, fiat money is bad, federal reserve is bad.
No, they don't have to be, though they can be if used incorrectly. Money just represents value in most cases and money with real intrinsic, in hand value often does not make very good money. Try to spend a one ounce gold coin when commodities are floating. Just how much is it worth at that moment in time? If a TV costs two gold coins, just what is the price?
OK, I tried to teach you a bit about Economics, which is what I do, but you clearly don't wish to learn, so I'll just head to bed now and get back to dealing with it tomorrow.0 -
Good night talk to you tomorrow. 0
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